The Gross Domestic Product in Ukraine expanded 1.90 percent on quarter in the fourth quarter of 2021, following a downwardly revised 1.5 percent expansion in the previous quarter. It was the highest quarterly growth in GDP since the third quarter of 2020. source: State Statistics Service Of Ukraine

GDP Growth Rate in Ukraine averaged 0.11 percent from 2010 until 2021, reaching an all time high of 8.50 percent in the third quarter of 2020 and a record low of -9.90 percent in the second quarter of 2020. This page provides - Ukraine GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ukraine GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Ukraine is expected to be -50.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine GDP Growth Rate is projected to trend around -8.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Ukraine GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-04 01:15 PM QoQ Prel Q4 1.8% 1.5% 1.1%
2022-03-11 01:00 PM QoQ Final Q4 1.9% 1.5% 1.8%
2022-08-04 12:40 PM QoQ Prel Q2


Related Last Previous Unit Reference
GDP Growth Rate 1.90 1.50 percent Dec 2021
GDP Annual Growth Rate -15.10 2.80 percent Mar 2022
GDP Constant Prices 739426.00 737571.00 UAH Million Dec 2021
Gross Fixed Capital Formation 172472.00 118920.00 UAH Million Dec 2021
GDP From Utilities 1937.00 2101.00 UAH Million Dec 2021
GDP From Transport 39915.00 40509.00 UAH Million Dec 2021
GDP From Services 98797.00 94252.00 UAH Million Dec 2021
GDP From Public Administration 32294.00 29377.00 UAH Million Dec 2021
GDP From Mining 31374.00 31695.00 UAH Million Dec 2021
GDP From Manufacturing 84363.00 72017.00 UAH Million Dec 2021
GDP From Construction 33182.00 25194.00 UAH Million Dec 2021
GDP From Agriculture 120569.00 141808.00 UAH Million Dec 2021

Ukraine GDP Growth Rate
Ukraine possesses rich farmlands (wheat, rye, flax, corn, barley, sugar beets, sunflowers and potatoes are the major crops), vast mineral resources (iron, manganese, coal, anthracite, aluminum, mercury, nickel, natural gas, oil, zinc, titanium and bauxite), a well-developed industrial base (steel, tractors, machinery, building materials, chemicals, fertilizers are major products) and highly trained labor. Yet, the economy remains in poor condition due to underdeveloped infrastructure, corruption, bureaucracy and political turmoil. On the production side, services are the biggest sector of the economy and account for nearly 68 percent of total GDP, of which the most important are; domestic trade (14 percent) and accommodation and food service (13 percent). Industry accounts for 22 percent of GDP and is divided by manufacturing (11 percent); and agriculture (10 percent).
Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.50 8.50 -9.90 2010 - 2021 percent Quarterly
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